Category: Uncategorized
-
Penalty on Cash Transactions
1. The Finance Act, 2017 has introduced Section 269ST which prohibit receipt of an amount exceeding Rs 2 lakhs by any person in cash and Section 271DA which penalises such…
-
Dispelling Myths about India’s Finances post Independence
A lot of myths about India’s finances at the time of Independence are being presented as facts to unsuspecting Indian public. We will discuss two such myths below. Myth 1 Public…
-
The demand for abolishing high denomination currency notes
In India, various quarters, as diverse as an NGO Arthakranti with a rather radical tax proposal, a yoga guru turned FMCG Entrepreneur Baba Ramdev to political leaders such as Andhra…
-
Procedure in Prosecution Proceedings under Income Tax Act, 1961
Sections 280A, 280B, 280C and 280D have been introduced by The Finance Act, 2012 w.e.f. 1st day of July, 2012. These provisions deal with the procedure in prosecution proceedings under…
-
DEDUCTION UNDER SECTION 80-IAC FOR STARTUPS :: AN OPPORTUNITY
DEDUCTION UNDER SECTION 80IAC FOR STARTUPS The term “startup” is normally used to describe a company that is beginning from scratch.
-
Housing Finance – Housing For All By 2022 – To the Bottom of the Pyramid
In India, there are people who have Income but not necessarily “a documentary proof of income”. They comprise – a vast majority of people – employed in the unorganized /…
CA Nirmal Ghorawat's Blog 